Enjoy complimentary customisation on priority with our Enterprise License!
The global vegetable capsules market size is estimated to grow by USD 274.25 million at a CAGR of 8.68% between 2023 and 2028. The increasing applications of natural and plant-based products in the pharmaceutical industry are driving the demand for plant-derived ingredients, including those used in the production of plant-based products. Additionally, the growing consumer preference for natural and plant-based products, driven by health and environmental concerns, is boosting market growth by creating a higher demand for plant-derived ingredients in various industries. Furthermore, regulatory restrictions on animal-derived products, aimed at ensuring product safety and reducing environmental impact, are driving the shift towards plant-based alternatives, further fueling market growth.
For More Highlights About this Report, Download Free Sample in a Minute
The market share by the health supplements segment will be significant during the forecast period. Health supplements include nutraceuticals and dietary supplements. Vegetable capsules are extensively used in the encapsulation of various health supplements, including vitamins, minerals, herbal extracts, probiotics, and other nutraceutical ingredients. Health supplements have gained immense popularity among consumers globally, driven by the growing awareness and emphasis on personal health and wellness.
Get a glance at the market contribution of various segments Download the PDF Sample
The health supplements segment was the largest and was valued at USD 180.66 million in 2018. Health-conscious consumers opt for nutraceuticals to obtain maximum medical and personal benefits. Nutraceuticals play an important role in modifying and maintaining the physiological functions required for the proper functioning of the body. Nutraceuticals that contain antioxidants, probiotics, and polyunsaturated fatty acids help in managing health issues such as obesity, cardiovascular diseases, cancer, high cholesterol, osteoporosis, arthritis, and diabetes. Thus, the demand for nutraceuticals is increasing rapidly, which, in turn, will drive the demand and thus will contribute to the global vegetable capsule market in the health supplements segment during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 39% to the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America is expected to witness significant growth during the forecast period. One of the key driving factors is the increasing adoption of vegetarian and vegan lifestyles among consumers in North America. As a result, there is a growing demand for plant-based alternatives in various industries, including pharmaceuticals, nutraceuticals, and dietary supplements, which contributes to the growth of the vegetable capsules market in North America during the forecast period. The demand for nutraceuticals and supplements is rising rapidly in North America as more and more people are looking for natural ways to improve their health and well-being. Vegetable capsules are a popular choice for nutraceuticals and supplements, as they are a convenient and effective way to deliver active ingredients to the body.
In addition, the US is the leading country for nutraceuticals in North America. The major dietary supplements consumed in the US are multivitamins, calcium and vitamin D supplements, and omega-3 fatty acids. The consumption of these supplements is driven by the aging baby boomer population, who are more attentive toward healthy aging than their predecessors to prevent age-related diseases. Therefore, the growth in the nutraceuticals and dietary supplement industries in North America will increase the demand, which will positively impact the regional market during the forecast period.
The market is driven by the increasing demand for vegetarian softgel capsules sourced from plant-based natural sources. This trend is fueled by concerns over animal derivatives, GMOs, gluten, modified sugar, and starch in traditional capsules. Vegetarian capsules, often made from pullulan or cellulose (hydroxypropyl methylcellulose), cater to the growing vegan population. These capsules offer advantages such as being free from animal products and allergens. They find application in the pharmaceutical, health supplement, and cosmetics industries. Manufacturers focus on raw materials and formulation to enhance nutritional and pharmaceutical purposes. The market witnesses innovations in production processes to improve manufacturing cost and efficiency. Health-conscious consumers are driving the demand, leading to the availability of these capsules in hospital pharmacies, retail stores, and online platforms. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing significant growth due to the increasing consumer preference for natural and plant-based products. Elevated awareness of the potential health benefits associated with these ingredients is driving the demand for vegetable capsules. Consumers, concerned about the impact of synthetic substances, are seeking healthier and more sustainable alternatives, and plant-based cellulose-derived vegetable capsules align with this preference. This trend is driven by factors such as plant-based natural sources, animal derivatives, GMO (Genetically Modified Organisms), gluten, modified sugar, innovations, the pharmaceutical industry, health-conscious consumers, pharmaceuticals, and health supplements.
Moreover, this has led to substantial growth in the demand for vegetable capsules in the pharmaceutical industry, especially for encapsulating herbal supplements and nutraceuticals, given their compatibility with various active ingredients and protective qualities against degradation. The global market is expected to thrive during the forecast period, propelled by the rising consumer inclination towards natural and plant-based products influenced by health consciousness, sustainability, ethical considerations, and clean-label trends.
The market is experiencing growth driven by a rising focus on sustainable packaging. With growing concerns about plastic waste and environmental sustainability, consumers and regulatory bodies are actively seeking eco-friendly packaging solutions. Vegetable capsules, being plant-based and biodegradable, meet these sustainability requirements, fostering their adoption and market demand. A key driver for the global market's growth in sustainable packaging is the changing consumer mindset, as people become more environmentally conscious and seek products aligning with their sustainability values.
Furthermore, consumers increasingly favor companies demonstrating commitment to sustainability, leading to enhanced customer loyalty and market share. Consequently, changing consumer preferences, stricter regulations, and the recognition of business benefits are expected to drive the adoption and contribute to global growth during the forecast period.
A significant obstacle to market growth is the limited awareness and availability of vegetable capsules. When consumers and manufacturers are unaware of the existence and benefits, they often opt for the familiar traditional gelatin capsules.
Moreover, this lack of awareness constrains demand, creating a mismatch between consumer demand and available products. Additionally, limited availability in certain regions or markets exacerbates the issue, making it challenging for the global market to gain traction and expand. This restriction on companies' ability to meet consumer demand negatively impacts the market's potential for growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACG - The company offers vegetable capsules such as ACGcaps HR capsules, ACGcaps H plus capsules, and ACGcaps HL capsules.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
You may also interested in below market reports:
The market serves various industries, including hospital pharmacy, retail stores & pharmacies, and online providers, catering to both nutritional and pharmaceutical purposes. Key players offer capsules made from plant-based materials, appealing to vegetarians and vegans and providing environmental benefits over animal sources. These capsules contain fiber and amino acids beneficial for the immune system and overall health. They are often preservative-free, gluten-free, and starch-free, appealing to consumers seeking natural products. Pharmaceutical companies use them for odor masking, taste masking, and to protect moisture-sensitive and hygroscopic products. These capsules also offer bioavailability, disintegration properties, and stability in hot climates, making them suitable for various liquid formulations. The market aligns with the trends in the nutraceutical and functional foods industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.68% |
Market growth 2024-2028 |
USD 274.25 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.22 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ACG, Ajix Inc., BioCaps Enterprise, Dah Feng Capsule Industry Co. Ltd., Erawat Pharma Ltd., Evonik Industries AG, Farmacapsulas S.A., Fortcaps Healthcare Ltd., J RETTENMAIER and SOHNE GmbH and Co KG, JC Biotech Pvt. Ltd., Lefancaps LTD., Lonza Group Ltd., Mitsubishi Chemical Group Corp., Natural Capsules Ltd., Qingdao Yiqing Biotechnology Co. Ltd., Shaanxi Genex Bio Tech Co. Ltd., Shaoxing Zhongya Capsule Co. Ltd., Silvaco AS, Suheung Co. Ltd., and Sunil Healthcare Ltd. |
Market dynamics |
Parent market analysis, market forecast, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.